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Opinions The Monthly Gems by Allan Tong
AirbnbABNBTOP PICKJul 03, 2023
$132.35
Stock price when the opinion was issued
$142.41
As of Jun 18, 2026. Market Open.
Technology
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DON'T BUY
Their conference call revealed stickiness in supply and are starting to see demand weakness.
Joe TerranovaOwned
Technology
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Premium contentPAST TOP PICK
(A Top Pick Jan 19/23, Up 5.9%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with ABNB has triggered its stop at $105. To remain disciplined we recommend covering the position at this time. This will result in a net investment gain of 22%, when combined with our previous buy recommendations.
Technology
HOLD
Allan Tong’s Discover Picks
In 2022, Airbnb helped travelers book 393.7 million nights until gross bookings hit $63.2 billion that year, with revenues of $8.4 billion. That marked Airbnb’s first-ever profit (of $2 billion). Remember that the company lost $674 million in 2019. Read Silver linings in the SVB fall-out for our full analysis.
Technology
Premium contentPAST TOP PICK
Premium contentPAST TOP PICK
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly ABNB crowdsources over 4 million rental property hosts around the world. Recently reported earnings showed a 29% increase in revenues, with free cash flow up over 80% to $960 million. This has allowed cash reserves to continue growing, while shares have been bought back. It's priced at 8x sales versus the historical average of 18x. We recommend a stop loss at $80, looking to achieve $137 -- upside over 35%. Yield 0% (Analysts’ price target is $137.19)
Technology
BUY ON WEAKNESS
True, every company used Collision as a platform to shill their services, but as Branch stressed, building trust is “foundational” for Airbnb. If hosts and guests don't trust each other, then the entire platform collapses. In the first half of 2023, the platform has been performing well. In early May, the company announced it expected fewer bookings in Q2 2023 vs. the previous year. The outlook is part the entire travel sector returning to pre-Covid travel patterns even as inflation remains high and fears of a recession hang in the air. In Q1, Airbnb's gross booking value rose 19% to $20.4 billion in line with a 19% climb in nights and experiences booked to 121 million. Airbnb also faces competition from Booking.com and Vrbo. Personally, I've used all three and consider them good, though I prefer Airbnb's system because I can directly message a host. Plus, their system encourages user reviews.